Tag Archives: Stocks

On December 16, Intel announced that it had acquired Habana Labs in a clear indication that it aims to venture deep into the AI chip market. Habana is an Israel-based developer of programmable AI and machine learning accelerators that are used for cloud datacenters. Analysts estimate that this deal is worth about $2 billion.Intel further stated that it will enhance its AI strategy as Habana starts sampling its proprietary silicon to customers. Last November, Habana raised $75 million in...

Top investment strategist Jeff Saut has a crystal ball to predict the future as regards where the U.S. markets are headed. Sources indicate that in spite of the new highs that stocks have been reached in the past few years, many investors are still overly cautious. They are afraid that the “ball will drop” and that markets will reverse course in a new global financial crisis reaching levels that occurred only just a decade ago when the United States Sub-Prime Mortgage markets went bust.Jeff...

The U.S-based mass media and entertainment conglomerate Walt Disney is now enjoying the success of its latest animation movie Frozen 2. According to media reports, Frozen 2, which started to set records just after the release, has crossed a whopping $1 billion in global box office collection.This is also the third movie from Disney Animation (and sixth from the overall Disney group) this year which has crossed a billion-dollar mark. The other five movies that have achieved this milestone...

The German automaker Daimler AG’s brand Mercedes-Benz decided to postpone the presentation of its latest electric vehicle in the United States after the sales for electric SUVs by Audi and Jaguar came to be pretty disappointing.The introduction of the EQC crossover model, the first-ever electric SUV by Mercedes Benz, to the U.S. will probably happen in 2021, a year later than previously expected.As per the company’s official statement, Europe is the ever-growing market for the new model and...

Uber wants to increase its investments in the micro-mobility industry, especially in Europe. Apparently they believe that the demand for this kind of service will only increase. “We want to double down on micro-mobility. We have seen how beautifully it works with our core business and ride-sharing, and want to invest more and deeper, especially in Europe,” commented Christian Freese, the head of EMEA at Jump.In 2018, Uber bought Jump – a bike-sharing service based in the U.S. Ever since then...

Boeing mulls pausing Boeing 737 max production as the possibilities for regulatory clearance for the grounded plane’s comeback will probably happen after January 2020.A decision is expected soon as Boeing’s directors are already reviewing the manufacturing plans for the 737 program, the company’s biggest source of cash.Usually, the board would set the company’s dividend for the coming year and decide on its share repurchases. However, the latter was suspended while Boeing deals with the...

United States trade representative Robert Lighthizer said on Sunday that the “phase one” of the U.S.-China trade deal is “totally done”. Among several conditions, one of them is regarding China buying more of U.S. agricultural products. As per Lighthizer’s words, the U.S. exports to China will be doubled from now on. He added that the exact date and location for signing the agreement are to be determined.The thing is, the tensions among the two countries were rapidly growing during the last...

Last month, telecommunications giant AT&T announced that it will make its 5G service accessible to millions of customers before 2019 runs out. The company initially said that five areas will get the coverage when it eventually goes live. AT&T has however changed its mind and increased the number of areas from 5 to 10.Starting today, the next-generation network will be available to everyone in Birmingham, Indianapolis, Los Angeles, Milwaukee, Pittsburgh, Providence, Rochester, San...

Microsoft has officially revealed a few details about the new next-generation Xbox model, the Xbox Series X. During the recent Game Awards, the company officially announced the name and the design for the console, with some information but not as much as gamers and analysts would have preferred.From pictures, gamers should expect the Xbox Series X design to look next to nothing like previous Xbox consoles. Regardless, Phil Spencer, the current executive vice-president of Gaming at Microsoft...

The investors in tech stock were pretty concerned this week since the infamous date of December 15 was approaching.However, now they can relax a bit since on Thursday United States President Donald Trump signed off on a so-called phase one trade deal with China, averting the December 15 introduction of a new wave of U.S. tariffs on approximately $160 billion in consumer goods from Asia.The deal presented to Trump by trade advisers Thursday included a promise by the Chinese to buy more...